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Looking for a simple way to park spare cash with a fixed return? 💰
Bank of China Singapore has refreshed its SGD personal time deposit promotion for new placements made through BOC Mobile Banking 📱.
From 22 Jun 2026, eligible personal banking customers can place a Singapore dollar time deposit from just S$500. The highest displayed promotional rate is 1.45% p.a., available across the 6-month, 9-month and 12-month tenors in the table below. This may appeal to depositors who prefer a predictable return and can set aside funds until maturity.
Before confirming the placement, check the rate shown in the BOC Mobile Banking App, selected tenor, maturity date, funding account and placement amount carefully 👀. Time deposit funds are generally committed for the selected tenor, and early withdrawal may result in reduced or forfeited interest.
Compared with the earlier 15 Jun 2026 update, the latest SGD table shows the 6-month tenor rising from 1.38% p.a. to 1.45% p.a., while the 9-month and 12-month tenors rise from 1.40% p.a. to 1.45% p.a.. The 18-month and 24-month tenors also move from 1.35% p.a. to 1.40% p.a.. The 1-month, 2-month, 3-month and 5-month rates are unchanged from the previous update 💹.
✨ Key highlights
- Bank: Bank of China Singapore
- Promotion: SGD Personal Time Deposit Promotion
- Highest displayed promo rate: Up to 1.45% p.a.
- Minimum placement: S$500
- Top-rate tenors: 6 months, 9 months and 12 months
- Placement channel: BOC Mobile Banking only 📲
- Placement type: New placement
- Promotion period: From 22 Jun 2026
- Deposit insurance: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured 🛡️
📊 BOC Mobile Banking promo rates for new SGD placements
| Currency | Tenor | Mobile Banking Promo Rates | |
|---|---|---|---|
| (New Placement) * | |||
| Minimum Amount | Interest Rates | ||
| (% p.a.) | |||
| SGD | 1 month | S$500 | 1.10 |
| 2 months | 1.20 | ||
| 3 months | 1.35 | ||
| 5 months | 1.35 | ||
| 6 months | 1.45 | ||
| 9 months | 1.45 | ||
| 12 months | 1.45 | ||
| 18 months | 1.40 | ||
| 24 months | 1.40 | ||
📝 Things to know before placing
- Mobile banking only: The promotional rates apply to new SGD time deposit placements made via the BOC Mobile Banking App.
- Account requirement: A BOC Savings Account or Current Account is needed to place a time deposit through mobile banking.
- Mobile banking access: Access to BOC Mobile Banking is required for app placements. Customers who have not registered can do so through BOC Personal Online Banking or at any BOC branch.
- Eligibility: SGD Time Deposit applicants must be at least 15 years old. Eligible applicants include Singapore Citizens, Permanent Residents and foreigners with a valid pass.
- Personal customers only: Promotional rates are indicative and apply to personal banking customers.
- Rate at placement: The applicable promotional rate is the rate displayed at the point of placement.
- Overnight placement timing: For placements made between 12am and 6am, displayed rates are indicative and subject to change. Actual rates are confirmed on BOC’s website and mobile app after 6am ⏰.
- Rate discrepancy handling: If BOC’s official website rates differ from rates available through mobile banking or at the counter, the mobile banking or counter rates prevail.
- Liquidity planning: Set aside only funds that can remain in the time deposit until maturity, as premature withdrawal may result in lower interest or loss of interest ⚠️.
- Final checks: Confirm the tenor, amount, interest rate, maturity date and account details before proceeding ✅.
- Terms apply: Final eligibility, placement conditions and prevailing bank requirements apply.
📱 How to place a BOC mobile time deposit
- Open the BOC Mobile Banking App and log in securely.
- Go to the time deposit placement function in the app.
- Select SGD, choose the preferred tenor and enter the placement amount.
- Review the displayed interest rate, maturity date, funding account and terms carefully.
- Confirm the placement only after all details are correct.
🔗 Useful links
Check the official BOC promotion rates page for the latest displayed rates and conditions before placing funds. Apply for a BOC account via the BOC account application page.
For mobile banking help, see the official BOC Mobile Banking FAQ and official BOC Mobile Banking App download page. For product and eligibility details, refer to the official Time Deposit Account page. For broader market comparisons, explore this Singapore deposit rates guide. For outlet details, visit the official branches page, or call +65 6779 5566 for non-card enquiries.
🏦 BOC Singapore branch locations
BOC Singapore branch locations include Main Branch, Marine Parade Wealth Management Centre, Chinatown Sub-Branch, North Sub-Branch, Tampines Sub-Branch, Jurong East Sub-Branch, Woodlands Sub-Branch, Toa Payoh Sub-Branch, Bedok Sub-Branch, Punggol Sub-Branch, Tiong Bahru Sub-Branch and Ang Mo Kio Sub-Branch. Check the official branches page before heading down, as queue number issuance may end earlier during busy periods.
This BOC SGD time deposit promotion keeps the entry amount accessible while offering fixed returns over short to medium tenors. Compare the rate, tenor and cash flow needs before placing funds, especially if the money may be required before maturity 🌿.
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